XDEFI Wallet Token Revelation
XDEFI Wallet is proud to unveil its utility token. $XDEFI is an ERC-20 token designed by Delphi Digital. Its main purpose is to create a long-term incentive for ecosystem participants to build into a community and maintain a suite of products around the wallet.
The $XDEFI token has four main utilities: staking, governance, building, and play to earn. Token holders will be able to stake their tokens in order to receive rebates, claim rewards and participate in the future governance of the XDEFI Wallet. Community members will be incentivized to learn how best to use the tools necessary to unlock the full potential of DeFi.
STAKING
- Staking $XDEFI into the rebate vault entitles users to discounts on the trading fees incurred when using the swap functionality of the wallet.
- Staking $XDEFI yields rXDEFI (Rebate $XDEFI). The longer the user locks their $XDEFI in the rebate vault, the more rXDEFI the user will accumulate.
- There are 5 locking options available: no time lock, 3 months, 6 months, 9 months, or 12 months.
GOVERNANCE
- A percentage of the trading fees will be allocated into a community treasury, which will be governed by the stakers in the future.
BUILBING
- $XDEFI tokens will be used to fund strategic projects focusing on growing the DeFi and NFT ecosystems around the wallet.
PLAY TO LEARN AND EARN
- Users will be incentivised to learn about DeFi and discover the necessary tools to use it to its fullest.
- $XDEFI token will be leveraged to create an educational framework around DeFi and NFTs to improve knowledge about web3 and encourage wider adoption.
ABOUT Xdefi Wallet
XDEFI is a chain agnostic wallet. Store, receive and send all your digital assets irrespective of their native chain. Connect to your favorite dApps.
RESOURCES
Medium
